Persimmon (LON:PSN) Receives “Buy” Rating from Goldman Sachs Group

Persimmon (LON:PSN)‘s stock had its “buy” rating restated by equities researchers at Goldman Sachs Group in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

PSN has been the subject of a number of other research reports. HSBC upgraded shares of Persimmon to a “buy” rating and raised their price target for the stock from GBX 2,480 ($32.41) to GBX 2,960 ($38.68) in a report on Tuesday, March 26th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Persimmon in a report on Friday, March 22nd. UBS Group restated a “buy” rating on shares of Persimmon in a report on Wednesday, February 27th. Canaccord Genuity restated a “buy” rating and set a GBX 2,720 ($35.54) price target on shares of Persimmon in a report on Wednesday, May 1st. Finally, Liberum Capital restated a “buy” rating on shares of Persimmon in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 2,616.82 ($34.19).

Shares of LON PSN opened at GBX 1,940 ($25.35) on Thursday. The company has a market cap of $6.13 billion and a PE ratio of 6.91. Persimmon has a 1 year low of GBX 1,825.50 ($23.85) and a 1 year high of GBX 2,908 ($38.00).

In related news, insider Rachel Kentleton bought 658 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of GBX 2,041 ($26.67) per share, for a total transaction of £13,429.78 ($17,548.39).

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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